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NYSE : CNI

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March 25, 2005 08:02 ET

CN reaches tentative labour agreement with International Brotherhood of Electrical Workers--labour disruption avoided


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CANADIAN NATIONAL RAILWAY COMPANY

TSX SYMBOL: CNR
NYSE SYMBOL: CNI

MARCH 25, 2005 - 08:02 ET

CN reaches tentative labour agreement with
International Brotherhood of Electrical
Workers--labour disruption avoided

MONTREAL, QUEBEC--(CCNMatthews - March 25, 2005) - CN and the
International Brotherhood of Electrical Workers (IBEW) today signed a
tentative labour contract covering 644 union members who maintain and
repair CN's signals and communications systems across Canada. As a
result of the tentative agreement, there will be no labour disruption at
midnight, Friday March 25.

Details of the four-year contract, retroactive to January 1, 2004, are
being withheld pending ratification by the IBEW membership. In general,
the tentative agreement provides improvements in IBEW members' salaries
and benefits.

Achieving the tentative settlement was facilitated by the involvement of
two mediators appointed by Federal Minister of Labour and Housing Joe
Fontana earlier this week.

E. Hunter Harrison, President and Chief Executive Officer of CN said: "I
am very pleased that we were able to reach this tentative agreement, and
that we were able to avoid any labour disruption. This was the best
possible outcome for all of us: employees, company and customers."

IBEW Senior System General Chairman Kevin Kearns said: "We believe this
tentative settlement addresses the issues brought forward by our
membership. It will form the basis for a continued relationship between
IBEW members and the company."

Canadian National Railway Company spans Canada and mid-America, from the
Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of
Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and
Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit,
Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul,
Memphis, St. Louis, and Jackson, Miss., with connections to all points
in North America.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    CN
    Jim Feeny (Media)
    Senior Manager, Public Affairs
    (780) 472-3023
    or
    CN
    Robert Noorigian (Investment Community)
    Vice-President, Investor Relations
    (514) 399-0052
    www.cn.ca